Bahrain Aims to Join BRICS to Boost Regional Development
With aspirations to enhance its contribution to regional development and play a significant role in the global economy, Bahrain has expressed its interest in joining the BRICS group—an alliance of emerging markets and developing nations known for their solidarity and shared interests.
BRICS: Expanding Influence and New Members
The BRICS group, comprising Brazil, Russia, India, China, and South Africa, is recognized as an influential association of countries with rapid economic growth and development potential. This powerful bloc has been an arena where member states collaborate primarily on economic, political, and security matters, leveraging their collective strength to carve a niche in the global order.
According to the embassy of Bahrain in Saint Petersburg, the kingdom is keen on becoming a part of this coalition. “It is useful to add to our portfolio membership in various organizations, including BRICS…It is important to be among the countries to play a decisive role in the economy and development of the region,” asserted the Bahraini ambassador to Russia, Ahmed Abdulrahman Al Saati, during the fifth edition of the BRICS+ International Municipal Forum.
The inclusion into BRICS is not exclusive to Bahrain. Starting January 1, 2024, other countries such as Argentina, Egypt, Ethiopia, Saudi Arabia, Iran, and the United Arab Emirates are poised to join the fold.
Strategic Benefits for Bahrain
Bahrain’s move to join BRICS can be viewed as a strategic step to enhance its diplomatic and economic status on the global stage, while also ensuring a more robust contribution to the regional development and security. Membership in such a group would allow Bahrain to tap into the collective economic prowess and political clout of BRICS nations, thereby securing its own national interests and enhancing its influence in international affairs.
The potential membership could also open new avenues for Bahrain in terms of trade partnerships, investment opportunities, and policy collaborations with some of the world’s most dynamic and fast-growing economies.
Implications for the BRICS Group
The expansion of BRICS, with the inclusion of Bahrain and other nations, signifies the growing appeal and influence of the coalition. It reflects the desire of various non-member countries to align with a group that is increasingly seen as a counterweight to the traditional Western-dominated global economic system.
This expansion could not only diversify the geographical representation within the group but also enhance its capability to address regional issues, foster economic development, and project a combined voice on the international stage, thus reshaping global geopolitics and economic dynamics.
As nations like Bahrain await their entry into BRICS, the focus is on how each new member will contribute to the group’s objectives and how their inclusion will affect the geopolitical landscape. The ripple effects of these changes are likely to be felt across global diplomacy, trade, and economic cooperation in the years to come.
Bahrain’s potential accession to BRICS may well be a pivotal moment for the kingdom, charting a new course in its international relations and potentially driving forward its economic and development agenda.
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